Business Standard

Supply chains aren't broken, have evolved for the better in some places

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan

indian economy, exports, imports, trade deficit
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Anjani Trivedi | Bloomberg
The world is fretting over the demise of global supply chains and the threat of deglobalization, with the US trying to lure manufacturing activity back home — or at least closer.
 
Yet supply chains have actually evolved for the better in some places — particularly in Asia — despite all the challenges since 2020 as Covid roiled global trade. 

The issue isn’t that large industrial companies’ long-globalized operations have fallen apart or that a decoupling of trading partners is under way, or that China is just looking out for itself. It’s that businesses in Asia have done better at weathering

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First Published: Sep 19 2022 | 7:16 AM IST

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